Rooms
33
Bedrooms
11
Bathrooms
10
Status
Active
Real Estate Taxes
[Monthly]
$ 22,390
Jason Bauer
License
Manager, Licensed Associate Real Estate Broker
Jason Bauer
License
Manager, Licensed Associate Real Estate Broker
Property Description
Corcoran is pleased to offer for sale an eight unit multifamily rental building located at 194 Vernon Avenue, in the Bedford Stuyvesant neighborhood of Brooklyn, New York.
THE ROMANESQUE REVIVAL STYLE TENEMENT BUILDING is located between two of Brooklyn's hot spot neighborhoods, Bedford Stuyvesant and Williamsburg. The property is just two (2) blocks from the G train at Myrtle/Willoughby Station, and three (3) blocks from the J/M trains at Myrtle Avenue, so one can be in downtown Brooklyn or downtown Manhattan in minutes.
This property consists of eight FM apartments and a supers unit. All units are free-market and are not subject to rent control / rent stabilization guidelines for multifamily dwellings four units and above. 194 Vernon Ave was fully gut-renovated in 2013, with all major systems replaced including the heating, plumbing, electrical, roof, and windows. Layouts have been reconfigured with spacious floor-plans allowing for the possibility of additional bedrooms. The property is at 100% occupancy with all paying tenants. Current rents have plenty of upside. The building is amenitized with a laundry room, shared roof, communal courtyard, bike area, 9 rentable storage spaces (ranging from $50-$400 per month).
194 Vernon Avenue is a unique opportunity for an investor to acquire a multi-family free-market asset in an established and growing submarket. This building has tremendous upside potential while also delivering an investor a stable, and headache free investment which will require minimal management and maintenance.
Setup is available upon request.
THE ROMANESQUE REVIVAL STYLE TENEMENT BUILDING is located between two of Brooklyn's hot spot neighborhoods, Bedford Stuyvesant and Williamsburg. The property is just two (2) blocks from the G train at Myrtle/Willoughby Station, and three (3) blocks from the J/M trains at Myrtle Avenue, so one can be in downtown Brooklyn or downtown Manhattan in minutes.
This property consists of eight FM apartments and a supers unit. All units are free-market and are not subject to rent control / rent stabilization guidelines for multifamily dwellings four units and above. 194 Vernon Ave was fully gut-renovated in 2013, with all major systems replaced including the heating, plumbing, electrical, roof, and windows. Layouts have been reconfigured with spacious floor-plans allowing for the possibility of additional bedrooms. The property is at 100% occupancy with all paying tenants. Current rents have plenty of upside. The building is amenitized with a laundry room, shared roof, communal courtyard, bike area, 9 rentable storage spaces (ranging from $50-$400 per month).
194 Vernon Avenue is a unique opportunity for an investor to acquire a multi-family free-market asset in an established and growing submarket. This building has tremendous upside potential while also delivering an investor a stable, and headache free investment which will require minimal management and maintenance.
Setup is available upon request.
Corcoran is pleased to offer for sale an eight unit multifamily rental building located at 194 Vernon Avenue, in the Bedford Stuyvesant neighborhood of Brooklyn, New York.
THE ROMANESQUE REVIVAL STYLE TENEMENT BUILDING is located between two of Brooklyn's hot spot neighborhoods, Bedford Stuyvesant and Williamsburg. The property is just two (2) blocks from the G train at Myrtle/Willoughby Station, and three (3) blocks from the J/M trains at Myrtle Avenue, so one can be in downtown Brooklyn or downtown Manhattan in minutes.
This property consists of eight FM apartments and a supers unit. All units are free-market and are not subject to rent control / rent stabilization guidelines for multifamily dwellings four units and above. 194 Vernon Ave was fully gut-renovated in 2013, with all major systems replaced including the heating, plumbing, electrical, roof, and windows. Layouts have been reconfigured with spacious floor-plans allowing for the possibility of additional bedrooms. The property is at 100% occupancy with all paying tenants. Current rents have plenty of upside. The building is amenitized with a laundry room, shared roof, communal courtyard, bike area, 9 rentable storage spaces (ranging from $50-$400 per month).
194 Vernon Avenue is a unique opportunity for an investor to acquire a multi-family free-market asset in an established and growing submarket. This building has tremendous upside potential while also delivering an investor a stable, and headache free investment which will require minimal management and maintenance.
Setup is available upon request.
THE ROMANESQUE REVIVAL STYLE TENEMENT BUILDING is located between two of Brooklyn's hot spot neighborhoods, Bedford Stuyvesant and Williamsburg. The property is just two (2) blocks from the G train at Myrtle/Willoughby Station, and three (3) blocks from the J/M trains at Myrtle Avenue, so one can be in downtown Brooklyn or downtown Manhattan in minutes.
This property consists of eight FM apartments and a supers unit. All units are free-market and are not subject to rent control / rent stabilization guidelines for multifamily dwellings four units and above. 194 Vernon Ave was fully gut-renovated in 2013, with all major systems replaced including the heating, plumbing, electrical, roof, and windows. Layouts have been reconfigured with spacious floor-plans allowing for the possibility of additional bedrooms. The property is at 100% occupancy with all paying tenants. Current rents have plenty of upside. The building is amenitized with a laundry room, shared roof, communal courtyard, bike area, 9 rentable storage spaces (ranging from $50-$400 per month).
194 Vernon Avenue is a unique opportunity for an investor to acquire a multi-family free-market asset in an established and growing submarket. This building has tremendous upside potential while also delivering an investor a stable, and headache free investment which will require minimal management and maintenance.
Setup is available upon request.
Listing Courtesy of Corcoran Group
Jason Bauer
License
Manager, Licensed Associate Real Estate Broker
Care to take a look at this property?
Apartment Features
A/C
Building Details [194 Vernon Avenue]
Ownership
Rental Property
Service Level
Virtual Doorman
Access
Walk-up
Pet Policy
No Dogs
Block/Lot
1760/34
Building Size
32'x70'
Zoning
R6
Building Type
Townhouse
Age
Pre-War
Year Built
1931
Floors/Apts
4/8
Lot Size
32'x100'
Building Amenities
Bike Room
Common Storage
Mortgage Calculator in [US Dollars]
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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